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Newspaper
Russell Banner
Location
Russell, Manitoba, Canada
Date
Nov 09, 2004
Page
6
A guide for owners on dealing with tax auditors. Keep complete six year records, arrange a quiet desk, and involve your bookkeeper and accountant. Ask questions, request extensions if needed, and review any proposed changes with explanations before replying.
The Turner Report argues Canadians favor fixed rate mortgages despite higher costs. It cites Bank of Montreal data showing 70 percent choose fixed rates, notes variable rates are cheaper, but fear and media influence push households to pay more. It predicts rates may rise but argues for better options and a skeptical view of mortgage anxiety.
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